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Based on the Above Figures, What Is the Current Ratio

Question 15

Multiple Choice

£Trade payales35,000Trade receivales28,000cash and cash equivalents15,000Taxation payale12,000Prepayments4,000Inventory14,000Accuals6,000\begin{array}{l}\begin{array} {lll } &£\\\text {Trade payales}&35,000\\\text {Trade receivales}&28,000\\\text {cash and cash equivalents}&15,000\\\text {Taxation payale}&12,000\\\text {Prepayments}&4,000\\\text {Inventory}&14,000\\\text {Accuals}&6,000\\\end{array}\end{array} Based on the above figures, what is the current ratio?


A) 1.15:1
B) 1.21:1
C) 1.24:1
D) 1.30:1

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